Crescent NV reached an agreement in principle to acquire Option NV (ENXTBR:OPTI) in a reverse merger transaction on November 27, 2017. Under the terms of the deal, Option will issue 506 million common stock. The consideration is subject to a fair value assessment of an external auditor, against issue of new shares. The deal is subject to the approval of the shareholders of Option. As of February 5, 2018, the deal is expected to be completed on March 29, 2018. As of May 22, 2018, extraordinary general meeting has approved the acquisition as well as the name change of Option NV to Crescent NV.